ZK International Group Stock Price, News & Analysis

On March 30, 2021, Ortoli Rosenstadt LLP announced that they represented ZK International Group Co., Ltd. (Nasdaq: ZKIN) in a registered direct offering totaling $18 million. The offering involved the issuance of 4 million shares under a previously filed shelf registration statement with the SEC. The transaction was finalized on or around March 25, 2021, generating gross proceeds of approximately $18 million.

ZK International Group Co., Ltd. (Nasdaq: ZKIN) announced that its subsidiary, xSigma Corporation, appointed Arpan Sood as the new CEO of xSigma Trader. This move aims to develop and launch a new trading platform for crypto, crypto derivatives, and CFDs. Sood brings over 20 years of finance experience, enhancing the company's strategic position in the growing cryptocurrency derivatives market, which reached $2.159 trillion in trading volume in Q2 2020, up 165.56% year-on-year. The xSigma Trader platform is now live for user engagement.

ZK International Group Co., Ltd. (Nasdaq: ZKIN) announced the formation of a new wholly-owned subsidiary, xSigma Entertainment Limited, aimed at acquiring online gaming assets. This strategic move is intended to enhance shareholder value by targeting growth industries, particularly in the U.S. online gaming market, which is poised for substantial expansion. With the U.S. betting market expected to reach between $5.9 billion and $8.2 billion by 2024, ZKIN aims to leverage ongoing legislative changes favoring gaming. Recent favorable indicators from the Biden administration further bolster this initiative.

ZK International Group (ZKIN) has secured a two-year Strategic Procurement Agreement with Guangyuan Natural Gas Supply Group for its municipal natural gas supply infrastructure program in Western China. The selection followed a competitive bidding process focusing on production quality, manufacturing capacity, and financial stability. ZK International's Chairman, Jiancong Huang, expressed enthusiasm for the partnership, which aligns with the company's goal to expand its market presence. This agreement is significant as ZK International prepares to capitalize on China's $850 billion commitment to water quality improvement.

ZK International Group Co. Ltd. (Nasdaq: ZKIN) has announced that its subsidiary, xSigma Corporation, will launch an NFT marketplace, tapping into the rapidly growing $1.3 billion NFT industry in 2021. The platform will support multiple blockchains, including Ethereum and Polkadot, facilitating the buying, selling, and creation of NFTs. xSigma aims to attract artists and celebrities, building on its prior success with a DeFi project that generated $100M in total value locked. The NFT platform is expected to launch in Q3 2021 as part of xSigma's larger blockchain ecosystem.

ZK International Group Co., Ltd. (Nasdaq: ZKIN) announces the roadmap for its xSigma DEX, which recently launched and currently has $110 million in locked value and $6 million in trading volume. Key initiatives include marketing strategies to attract users, deploying a second stablecoin pool by April 2021, and a gas cashback program. The company plans to fulfill community promises by burning unminted tokens and introducing a DAO governance model. Chairman Jiancong Huang expressed gratitude for community support in building a decentralized exchange.

ZK International Group (Nasdaq: ZKIN) has secured a three-year Strategic Procurement Agreement with Fuzhou Water Supply Group to upgrade municipal water supply infrastructure in Fuzhou, China. This agreement follows the city's mandate to replace plastic and galvanized piping with stainless steel to enhance water quality. With a population of approximately 7.74 million, Fuzhou aims to improve its water supply for around 310,000 households. This contract positions ZKIN favorably within the $850 billion government initiative to enhance China's water quality.

ZK International Group Co., Ltd. (Nasdaq: ZKIN) announced that its subsidiary, xSigma Corporation, launched its DeFi protocol, achieving over $115 million in liquidity within the first 24 hours, ranking it among the Top-25 DeFi projects. The liquidity pool includes $49 million in USDT, $40 million in USDC, and $27 million in DAI. The launch has garnered significant media attention and community involvement, including endorsements from notable figures. CEO Jiancong Huang expressed excitement about future blockchain product launches.

ZK International Group, through its subsidiary xSigma Corporation, has acquired a proprietary crypto and Online CFD trading platform, branded as 'xSigma Trading'. This platform aims to offer diverse trading products, including crypto trading and derivatives, capitalizing on the growth of the cryptocurrency derivatives market, valued at $2.159 trillion in 2020. The platform's website is now live, with a planned launch in Q2 2021. While targeting global markets, xSigma Trading will not be available to US customers. This acquisition positions xSigma to expand its product offerings in the evolving crypto space.